Can I retire at age 53 with 2,540,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$209,751$207,882$206,060$204,280$202,543$197,327
2 years$103,837$101,903$100,029$98,212$96,449$91,228
3 years$68,537$66,595$64,725$62,925$61,191$56,129
4 years$50,891$48,954$47,103$45,334$43,642$38,778
5 years$40,305$38,381$36,554$34,821$33,176$28,523
6 years$33,251$31,341$29,541$27,847$26,251$21,814
7 years$28,214$26,320$24,549$22,894$21,349$17,129
8 years$24,438$22,561$20,819$19,205$17,711$13,705
9 years$21,503$19,643$17,932$16,359$14,915$11,120
10 years$19,156$17,315$15,633$14,101$12,709$9,120
11 years$17,237$15,414$13,763$12,272$10,930$7,542
12 years$15,639$13,835$12,215$10,765$9,472$6,279
13 years$14,288$12,503$10,913$9,503$8,259$5,255
14 years$13,131$11,365$9,805$8,436$7,240$4,417
15 years$12,129$10,382$8,853$7,524$6,375$3,726
16 years$11,253$9,525$8,026$6,737$5,634$3,153
17 years$10,481$8,772$7,304$6,053$4,996$2,674
18 years$9,796$8,106$6,667$5,455$4,442$2,273
19 years$9,183$7,513$6,104$4,929$3,959$1,935
20 years$8,633$6,981$5,602$4,464$3,536$1,650
21 years$8,135$6,503$5,152$4,051$3,165$1,409
22 years$7,683$6,070$4,749$3,684$2,837$1,204
23 years$7,272$5,677$4,385$3,355$2,546$1,030
24 years$6,895$5,319$4,055$3,060$2,289$881
25 years$6,549$4,992$3,756$2,794$2,059$755
26 years$6,229$4,691$3,483$2,555$1,855$647
27 years$5,934$4,415$3,235$2,339$1,673$555
28 years$5,661$4,160$3,007$2,143$1,509$476
29 years$5,407$3,925$2,798$1,965$1,363$408
30 years$5,170$3,707$2,606$1,803$1,231$351
31 years$4,949$3,504$2,430$1,656$1,113$301
32 years$4,743$3,315$2,267$1,522$1,007$258
33 years$4,549$3,140$2,117$1,400$911$222
34 years$4,367$2,976$1,978$1,288$825$191
35 years$4,195$2,822$1,849$1,185$747$164
36 years$4,034$2,679$1,730$1,092$677$141
37 years$3,882$2,544$1,619$1,006$614$121
38 years$3,738$2,418$1,516$927$556$104
39 years$3,602$2,299$1,421$855$505$89
40 years$3,473$2,188$1,331$789$458$77
41 years$3,350$2,082$1,248$728$415$66
42 years$3,234$1,983$1,171$671$377$57
43 years$3,123$1,890$1,099$620$342$49
44 years$3,018$1,801$1,032$572$310$42
45 years$2,918$1,718$969$529$282$36
46 years$2,822$1,639$910$488$256$31
47 years$2,731$1,564$855$451$232$27
48 years$2,643$1,493$803$417$211$23
49 years$2,560$1,425$755$385$192$20
50 years$2,480$1,362$710$356$174$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,540,000, adding $4,175 every year, while hoping to spend $38,127 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 58/26/16 Blend
52$2,540,000$2,540,000$2,540,000$2,540,000
53$2,803,387$2,668,767$2,629,397$2,954,156
54$3,048,765$2,758,969$2,676,914$3,146,919
55$3,317,894$2,852,314$2,724,746$3,352,403
56$3,613,157$2,948,915$2,772,863$3,575,528
57$3,937,176$3,048,889$2,821,231$3,817,998
58$4,292,844$3,152,360$2,869,817$4,081,690
59$4,683,342$3,259,454$2,918,585$4,368,666
60$5,112,179$3,370,303$2,967,494$4,681,197
61$5,583,219$3,485,045$3,016,502$5,021,784
62$6,100,716$3,603,822$3,065,564$5,393,179
63$6,669,361$3,726,781$3,114,632$5,798,410
64$7,294,318$3,854,075$3,163,655$6,240,813
65$7,981,279$3,985,865$3,212,577$6,724,059
66$8,736,512$4,122,315$3,261,341$7,252,192
67$9,566,924$4,263,597$3,309,884$7,829,662
68$10,480,127$4,409,889$3,358,141$8,461,371
69$11,484,503$4,561,377$3,406,043$9,152,719
70$12,589,291$4,718,253$3,453,514$9,909,648
71$13,804,668$4,880,717$3,500,476$10,738,707
72$15,141,849$5,048,977$3,546,847$11,647,106
73$16,613,189$5,223,249$3,592,538$12,642,787
74$18,232,303$5,403,756$3,637,456$13,734,496
75$20,014,189$5,590,732$3,681,502$14,931,870
76$21,975,378$5,784,419$3,724,573$16,245,521
77$24,134,079$5,985,068$3,766,559$17,687,140
78$26,510,360$6,192,941$3,807,344$19,269,604
79$29,126,331$6,408,310$3,846,805$21,007,102
80$32,006,358$6,631,458$3,884,813$22,915,260
81$35,177,284$6,862,677$3,921,233$25,011,296
82$38,668,693$7,102,275$3,955,920$27,314,176
83$42,513,181$7,350,567$3,988,724$29,844,798
84$46,746,665$7,607,884$4,019,486$32,626,182
85$51,408,724$7,874,570$4,048,039$35,683,691
86$56,542,972$8,150,981$4,074,205$39,045,271
87$62,197,465$8,437,489$4,097,801$42,741,707
88$68,425,160$8,734,480$4,118,631$46,806,921
89$75,284,412$9,042,356$4,136,491$51,278,287
90$82,839,524$9,361,533$4,151,166$56,196,984
91$91,161,355$9,692,448$4,162,429$61,608,383
92$100,327,987$10,035,552$4,170,045$67,562,476
93$110,425,463$10,391,315$4,173,762$74,114,345
94$121,548,598$10,760,227$4,173,321$81,324,683
95$133,801,875$11,142,798$4,168,447$89,260,365
96$147,300,428$11,539,557$4,158,852$97,995,079
97$162,171,133$11,951,057$4,144,235$107,610,017
98$178,553,801$12,377,871$4,124,279$118,194,647
99$196,602,499$12,820,597$4,098,653$129,847,550
100$216,487,005$13,279,857$4,067,008$142,677,356